NZD/HKD - 1H - Technical analysis published on 04/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 4.7208 HKD
My targets
4.7942 HKD (+0.0633)
4.8676 HKD (+0.1367)
My analysis
The bullish trend is currently very strong on NZD/HKD. As long as the price remains above the support at 4.7208 HKD, you could try to benefit from the boom. The first bullish objective is located at 4.7942 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.8676 HKD as an objective. Crossing it would then enable buyers to target 4.8960 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/HKD rating is 4.7309 HKD. On the day, this instrument gained +0.46% and was between 4.7082 HKD and 4.7353 HKD. This implies that the price is at +0.48% from its lowest and at -0.09% from its highest.4.7082
4.7353
4.7309
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NZD/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6827 | 4.7058 | 4.7208 | 4.7309 | 4.8960 | 5.0475 | 5.1384 |
| Change (%) | -1.02% | -0.53% | -0.21% | - | +3.49% | +6.69% | +8.61% |
| Change | -0.0482 | -0.0251 | -0.0101 | - | +0.1651 | +0.3166 | +0.4075 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5954 | 4.6198 | 4.6644 | 4.6888 | 4.7334 | 4.7578 | 4.8024 |
| Camarilla | 4.6901 | 4.6965 | 4.7028 | 4.7091 | 4.7154 | 4.7218 | 4.7281 |
| Woodie | 4.6056 | 4.6249 | 4.6746 | 4.6939 | 4.7436 | 4.7629 | 4.8126 |
| Fibonacci | 4.6198 | 4.6461 | 4.6624 | 4.6888 | 4.7151 | 4.7314 | 4.7578 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4491 | 4.5152 | 4.5886 | 4.6547 | 4.7281 | 4.7942 | 4.8676 |
| Camarilla | 4.6236 | 4.6364 | 4.6492 | 4.6620 | 4.6748 | 4.6876 | 4.7004 |
| Woodie | 4.4528 | 4.5170 | 4.5923 | 4.6565 | 4.7318 | 4.7960 | 4.8713 |
| Fibonacci | 4.5152 | 4.5685 | 4.6014 | 4.6547 | 4.7080 | 4.7409 | 4.7942 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4791 | 3.8645 | 4.2377 | 4.6231 | 4.9963 | 5.3817 | 5.7549 |
| Camarilla | 4.4023 | 4.4718 | 4.5414 | 4.6109 | 4.6804 | 4.7500 | 4.8195 |
| Woodie | 3.4730 | 3.8615 | 4.2316 | 4.6201 | 4.9902 | 5.3787 | 5.7488 |
| Fibonacci | 3.8645 | 4.1543 | 4.3333 | 4.6231 | 4.9129 | 5.0919 | 5.3817 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.17 | |
| MACD (12,26,9): | 0.0085 | |
| Directional Movement: | 15.1694 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 4.7293 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7097 | |
| Elder Ray (13): | 0.0083 | |
| Super Trend (3,10): | 4.6998 | |
| Zig ZAG (10): | 4.7325 | |
| VORTEX (21): | 1.1541 | |
| Stochastique (14,3,5): | 81.18 | |
| TEMA (21): | 4.7305 | |
| Williams %R (14): | -19.19 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | 0.1930 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0287 | |
| Courbe Coppock: | 0.46 |
| MA7: | 4.6616 | |
| MA20: | 4.6590 | |
| MA50: | 4.7091 | |
| MA100: | 4.9094 | |
| MAexp7: | 4.7243 | |
| MAexp20: | 4.7174 | |
| MAexp50: | 4.7018 | |
| MAexp100: | 4.6859 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.96% |
This member declared not having a position on this financial instrument or a related financial instrument.
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